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Pass Guaranteed 2025 PRMIA Valid 8011: Credit and Counterparty Manager (CCRM) Certificate Exam Reliable Exam Blueprint
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PRMIA 8011 Credit and Counterparty Manager (CCRM) Certificate is a globally recognized designation for financial professionals who aspire to specialize in credit and counterparty risk management. Credit and Counterparty Manager (CCRM) Certificate Exam certification program is designed to equip candidates with a comprehensive understanding of credit risk management, including credit derivatives, structured finance, and counterparty risk management techniques. It is ideal for professionals who wish to enhance their career opportunities in the banking, insurance, and asset management industries.
PRMIA 8011 CCRM certificate is designed for professionals who are involved in credit risk management and counterparty risk management. Credit and Counterparty Manager (CCRM) Certificate Exam certification program covers a wide range of topics, including credit analysis, credit risk measurement and management, counterparty risk management, credit derivatives, and regulatory requirements related to credit risk. By earning the PRMIA 8011 CCRM certificate, individuals can demonstrate their expertise in these critical areas and enhance their career prospects in the risk management field.
PRMIA 8011 Certification Exam is ideal for professionals who are involved in credit risk management, counterparty risk management, credit analysis, lending, and other related fields. Credit and Counterparty Manager (CCRM) Certificate Exam certification exam is designed to help individuals develop a deep understanding of the principles, concepts, and practices of credit risk and counterparty risk management. Individuals who pass the certification exam will be able to demonstrate their knowledge and expertise in this field, which can help them advance their careers and improve their job prospects.
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PRMIA Credit and Counterparty Manager (CCRM) Certificate Exam Sample Questions (Q169-Q174):
NEW QUESTION # 169
A corporate bond has a cumulative probability of default equal to 20% in the first year, and 45% in the second year. What is the monthly marginal probability of default for the bond in the second year, conditional on there being no default in the first year?
- A. 15.00%
- B. 2.60%
- C. 31.25%
- D. 3.07%
Answer: D
Explanation:
Note that marginal probabilities of default are the probabilities for default for a given period, conditional on survival till the end of the previous period. Cumulative probabilities of default are probabilities of default by a point in time, regardless of when the default occurs. If the marginal probabilities of default for periods 1, 2... n are p1, p2...pn, then cumulative probability of default can be calculated as Cn = 1 - (1 - p1)(1-p2)...(1-pn).
For this question, we can calculate the marginal probability of default for year 2 by solving the equation [1 - (1 - 20%)(1 - P2) = 45%] for P2. Solving, we get the marginal probability of default during year 2 as 31.25%.
Since this is the annual marginal probability of default, we will need to convert it to a monthly number, which we can do by solving the following equation where M1 is the monthly marginal probability of default.
1 - 31.25% = (1 - M1)
